Economic : Quiz

1. Non Tax revenues can be increased by improving the working of the

A. State Road Transport Corporations

B. electricity boards

C. commercial irrigation projects

D. All of the above

2.Which of the following is not viewed as a national debt?

A. Provident Fund

B. Life Insurance Policies

C. National Saving Certificate

D. Long-term Government Bonds

3.The condition of indirect taxes in the country's revenue is approximately

A. 70 percent

B. 75 percent

C. 80 percent

D. 86 percent

4. Deficit financing means that the government borrows money from the

A. RBI

B. local bodies

C. big businessmen

D. IMF

5.Revenue of the state governments are raised from the following sources, except

A. entertainment tax

B. expenditure tax

C. agricultural income tax

D. land revenue

6.Since the inception of the co-operative movement, rural credits has been

A. institutionalized

B. rationalized

C. cheapened

D. All of the above

7.If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be

A. zero

B. equal to government income

C. larger than government income

D. negative

8.The co-operative credit societies have a

A. two-tier structure

B. three-tier structure

C. four-tier structure

D. five-tier structure

 

9.Regional rural banks

I. have limited area of operation

II.have free access to liberal refinance facilities from NABARD

III are required only to weaker sections

A. I, III

B. II, III

C. I, II, III

D. I, II

10.The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

A. 1984

B. 1986

C. 1987

D. 1989

11. The current price index (base 1960) is nearly 330. This means that

A. all items cost 3-3 times more than what they did in 1960

B. the prices of certain selected items have gone up to 3-3 times

C. weighted means of prices of certain item has increased 3-3 times

D. gold price has gone up 3-3 times

12. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?

A. 1000 rupee

B. 500 rupee

C. 100 rupee

D. All of the above

13.Devaluation of currency will be more beneficial if

A. prices of domestic goods remain constant

B. prices of exports remain constant

C. prices of imports remains constant

D. prices of exports rise proportionately

14. Of the gross tax revenue of the Union Government the indirect taxes account for nearly

A. 70 per cent

B. 75 percent

C. 65 percent

D. 60 percent

15.The banks are required to maintain a certain ratio between their cash in the hand and totals assets. This is called

A. Statutory Bank Ratio (SBR)

B. Statutory Liquid Ratio (SLR)

C. Central Bank Reserve (CBR)

D. Central Liquid Reserve (CLR)

Answers 
1.C
2.C
3.D
4.A
5.C
6. D
7.B
8.B
9.D
10.C
11.C
12.D
13.B
14.C
15.B